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Aug 20, 2009
08/09
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the top three producers are brazil, india and pakistan where you have heavy weather conditions that are bringing down productions. bottom line is to finish food products, this is a big, big deal. got a huge impact on food prices for people at general mills, kelloggs. watch that in their costs for next quarter. right now, play it with czz down in brazil. they're priced at 13 to 14 cents a pound. it's now around 30. they're minting money. corn products international, cpo, this is corn sweeteners or alternatives to sugar. this trade is not going to go away. this is not a case of a commodity trade that's gone through a squeeze on speculation. this is a change in the dynamics of sugar. >> would you say it's a buy right now? the run-up on that stock was scary. >> you'll get upgrades on earnings. they're priced off of sugars. that's half of where it's trading now. they've been trading that way for the last six to nine months. and also, they are specifically -- they're now a much levered play than they were last year. ethanol is the other big part of their business. that business is growing as
the top three producers are brazil, india and pakistan where you have heavy weather conditions that are bringing down productions. bottom line is to finish food products, this is a big, big deal. got a huge impact on food prices for people at general mills, kelloggs. watch that in their costs for next quarter. right now, play it with czz down in brazil. they're priced at 13 to 14 cents a pound. it's now around 30. they're minting money. corn products international, cpo, this is corn sweeteners...
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Aug 28, 2009
08/09
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let's talk about india right now. ayesha faridi joins us live for the india business report. just stepped into the september series today. it's been shopping, but for now it's holding up in the green. 15,800 is where we're standing and the sensex is almost 100-odd point gain is what the sensex is nudging. and 4,7 must know, they will break out above that level yesterday and now it's firmly standing above it. almost a 33-odd point gain is what we're standing at right now. midcap cement companies are holding up very well. there are signs of demand pick up, which is why we're seeing a whole host of these plays pick up. besides that, amongst the heavyweights, you have meltses which have made a very good comeback. yesterday the stock was down almost 6% on close. a knee jerk reaction coming on very poor numbers. they have reported a loss this time around, but today the stock is making a good comeback and you are seeing it hold up in the green besides that capital goods is another pocket which is looking quite good. with that, it's back to you. >> ayesha, thank you very much. you ha
let's talk about india right now. ayesha faridi joins us live for the india business report. just stepped into the september series today. it's been shopping, but for now it's holding up in the green. 15,800 is where we're standing and the sensex is almost 100-odd point gain is what the sensex is nudging. and 4,7 must know, they will break out above that level yesterday and now it's firmly standing above it. almost a 33-odd point gain is what we're standing at right now. midcap cement companies...
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Aug 13, 2009
08/09
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FOXNEWS
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what do you make of india's stopping that ship? all we know right now is that they found, like, 60,000 pounds of sugar. they are still looking at it, but what do you make of india stopping that north korean ship? >> india is imposing the security council resolution, and i think it is a very positive sign. india has been very cooperative with us, and they had very many parallel interests with respect -- they have a very many parallel interests with respect to terrorism and with respect to the nuclear danger -- they have very many parallel interests. greta: am i wrong to be suspicious that north korea might have been being a little coy? because sending that ship off in the direction that they did, knowing that someone was likely to stop it, and having 16,000 tons of sugar sort of makes the stopping country look, well, wrong, for one. >> nobody knows what the north koreans have on the ships. if north korea, a country that has no significant economy, that has no close relations with any other country in the economic field, if they can
what do you make of india's stopping that ship? all we know right now is that they found, like, 60,000 pounds of sugar. they are still looking at it, but what do you make of india stopping that north korean ship? >> india is imposing the security council resolution, and i think it is a very positive sign. india has been very cooperative with us, and they had very many parallel interests with respect -- they have a very many parallel interests with respect to terrorism and with respect to...
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Aug 7, 2009
08/09
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i would bring in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do a
i would bring in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change...
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Aug 6, 2009
08/09
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let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developing countries. that is one
let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind...
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Aug 11, 2009
08/09
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WETA
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ina, india, bzil. i thi they are already showing it. they a already goinging that far. 9 united states knew far better than i h things are ing. but you still see bo in the united stas and europe news of j layoffs andlthough theinancial sector seems to be in less bad shape, let's put it that way, the realconomy, one hopes against hope that things a going to look better. but you still kee reading about job layoffs. and until that allyurns, and i don't know if that i going to happen before the end of this year, it's very difficult toell how, when we're gointo come out of it. i don't think it a question off, ofourse we will come out oit. so when we come out of this, when the global economy is back, what will be different? >> i think there will be a lot mo caution. people are going to be a lot moreautious about what th're investing in. i think govnments are going to have to b more cautious. i thinkhe companies going out and doing multimilli dollar acquisitionsre going to be a lot more utious. and th may not be a bad thin it's been said that
ina, india, bzil. i thi they are already showing it. they a already goinging that far. 9 united states knew far better than i h things are ing. but you still see bo in the united stas and europe news of j layoffs andlthough theinancial sector seems to be in less bad shape, let's put it that way, the realconomy, one hopes against hope that things a going to look better. but you still kee reading about job layoffs. and until that allyurns, and i don't know if that i going to happen before the end...
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Aug 1, 2009
08/09
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partly because of goldman sachs's partnership with history which has managed to india the corporate culture even today. unfortunately, although some people would disagree, i think regulators need to get more involved. and having a system whereby a group of bankers is essentially free to develop as fast as they went to the degree that they want with very little external oversight, journalists and regulators and politicians and somehow hope that they will, through sheer goodness of spirit and collective rationality, will keep their activities in check and not go mad, is naive. baking is too important to be left to bankers alone. if the people who run nuclear power plants were paid kilowatt of energy they pump out, so you have to pump out as much as they can and the more they pump out, the more successful they look, it would be over by now. we need to look in banking to other kinds of activity and ask what lessons we can learn about risk control. one of the ironies that everyone talks about, financial engineering, if you are actually an engineer building bridges, you talk about things like saf
partly because of goldman sachs's partnership with history which has managed to india the corporate culture even today. unfortunately, although some people would disagree, i think regulators need to get more involved. and having a system whereby a group of bankers is essentially free to develop as fast as they went to the degree that they want with very little external oversight, journalists and regulators and politicians and somehow hope that they will, through sheer goodness of spirit and...
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Aug 27, 2009
08/09
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and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight eight with seven consecutive days tying its longest win streak of the year. it looks like we could have a mixed open at least in about 5 1/2 hours time from now. moving on to the treasury market on the back of another relatively successful auction yesterday of two year notes and ahead of another auction today of seven year notes, we do see the bund yield creeping up at 3723%. yesterday, the price went up just a little bit on the benchmark ten year t-note and the yield came down and that trend is continuing, although it's basically unchanged with yesterday's close right now at 3.4
and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight...
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Aug 20, 2009
08/09
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they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable playing. >> something you can't play. >> you've got to prefer to play some of the american plays, whether it's a three-point -- or going global. >> china. >> get the exposure. you don't know about them. those aren't investments. those are trades. >> let's bring in dennis guardman of the guardman letter. he's got expertise in the commodities market, certainly. the commodity king is his nickname. dennis, always a pleasure to see you. we've been having a very heated debate -- not so much on the debate. but are you looking at the shangha
they point to china, india. if there's a demand, a true middle class growing out right now, that's what we're looking for. >> is there an economic barometer for economic activity? it's not the same incident that the u.s. stock market is for the u.s. economy. it's nonanticipatory in any way. >> down 20% in the last three weeks, petra down 20% from july 28 and the local market is down 7%. same thing with sinopex. a lot of the big cap names. that's a disconnect i don't feel comfortable...
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Aug 20, 2009
08/09
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you're talking about the bric countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we want to stay in the big liquid countries. and we also have a positive bias toward some of the smaller countries where we're seeing catch-up, things like turkey. but there's a lot of interesting things going on in the u.s. versus global. take china versus the u.s. right now. china's financials are trading at almost three times book. the u.s. financials are trading at one times book. and in the near term i think the chinese banks will continue to do well, but ultimately they're going to participate price the way u.s. banks did from excessive lending along the way. there's
you're talking about the bric countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we...
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Aug 19, 2009
08/09
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we're long-term energy goals because the long-term demand from emerging nations like china and india will in fact drive prices higher, but in the short term it's been that stimulus in china. they've basically stimulated their way to prosperity, but it can only go so far, again, because they're an export economy, unlike us. so unless somebody's there to buy their goods, it can only go so far. >> let me ask you quickly on china, is the chinese market the pullback of 20% over the last two weeks that we've seen in the shanghai market, is it telling us something? the chinese market was first to rebound before we did and first to perhaps top out before we did. >> totally agree with that. in fact, some of the stimulus has been the chinese stock market itself. because really it's a command control economy. once they know the money's not coming in, the market goes right down. so we keep away from that. and the implication is that they've been driving commodity prices higher where rest of the world hasn't had end demand. you wonder how that happened. so our concern is we're going to have a dip
we're long-term energy goals because the long-term demand from emerging nations like china and india will in fact drive prices higher, but in the short term it's been that stimulus in china. they've basically stimulated their way to prosperity, but it can only go so far, again, because they're an export economy, unlike us. so unless somebody's there to buy their goods, it can only go so far. >> let me ask you quickly on china, is the chinese market the pullback of 20% over the last two...
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Aug 12, 2009
08/09
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in africa and india, you can provide somewhat smart phones to people because all they use is cell phones and now it's too expensive, if someone can gets the product -- >> there's a great debate going on with the smart phone companies do we cut price down to $99 and explode the sale and hurt the margins, or do we let the verizon and at&t. interesting data come out, on a smart phone, maybe we keep that model and have at&t continue to sub siddize the sale. >> in business school we would be spending -- >> jim has a lot of other trades, he'll have more tonight. he's very excited. 6:00 and 11:00 eastern with jim, who got a hair cut today and i'm sure the viewers noticed. if you wonder why wall street has an image problem? here's one reason. we're familiar to the tune of about $173 billion. jim, tens of billions of that went to aig's trading partners and some have gotten a billion dollars in fees fixing -- >> remember, european banks did better. >> on the fees? >> no, in terms of the payoff. >> in terms of payoff. famous 13.5 billion. >> of which 5.6 billion was directed to pay goldman on. the
in africa and india, you can provide somewhat smart phones to people because all they use is cell phones and now it's too expensive, if someone can gets the product -- >> there's a great debate going on with the smart phone companies do we cut price down to $99 and explode the sale and hurt the margins, or do we let the verizon and at&t. interesting data come out, on a smart phone, maybe we keep that model and have at&t continue to sub siddize the sale. >> in business school...
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Aug 18, 2009
08/09
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let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate space, un
let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an...
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Aug 26, 2009
08/09
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carry on most of our trade, which is to say european union, china, japan, maybe in the future brazil, india and so on -- as long as they are not on the ft a-list and the fta program is marginal, then you have the doha round centraltrality o agriculture to it is very important to poor countries and i think ranchers and farmers have the right to say their industry is more limited and restricted by foreign barriers. agriculture is 8 to 10 american exports. it's not going to grow even if there was an successful doha round. if the administration goes to the public and says we want to make a big push for doha at least as it is and for these three ftas, the public will say the president is a smart guy, i can trust him, it's got not much to do with me. and given that trade is a disadvicive and difficulty in the party, if the administration will push trade and spend political capital on it it needs to have a somewhat different agenda that will do more for america as anconomy and do more for our national security goals as a nation. and let me give, i think, three points from my paper that i would lik
carry on most of our trade, which is to say european union, china, japan, maybe in the future brazil, india and so on -- as long as they are not on the ft a-list and the fta program is marginal, then you have the doha round centraltrality o agriculture to it is very important to poor countries and i think ranchers and farmers have the right to say their industry is more limited and restricted by foreign barriers. agriculture is 8 to 10 american exports. it's not going to grow even if there was...
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Aug 17, 2009
08/09
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india celebrated independence day. the country's prime minister vowing to return the country to 9% growth. can they catch up with china? stay tuned. more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. call or go online for a free supply and up to $160 in offers from authorized postage vendors. shipping's a hassle! weighing every box... actually, with flat rate boxes you don't need to weigh anything under 70 pounds. if it fits, it ships for a low flat rate. ok, but i ship all over the country. you can ship anywhere in the country for a low flat rate. ship international, too. yes, but i ship hundreds of things, in all sizes. great, because flat rate boxes come in four sizes. call now and we'll send a free supply, plus up to $160 in offers. when you're ready to ship, we'll even pick them up for free, no matter how many you have. priority mail flat rate boxes only from the postal service. a simple
india celebrated independence day. the country's prime minister vowing to return the country to 9% growth. can they catch up with china? stay tuned. more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. call or go online for a free supply and up to $160 in offers from authorized postage vendors. shipping's a hassle! weighing every box... actually, with flat rate boxes...
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Aug 27, 2009
08/09
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. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at 5:00. >> i'll see you in five minutes, rick. thanks so much. >>> up next, several key events tomorrow could have an impact on trading. we'll break it down, what you need to know when the opening bell sounds on friday. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 es 350. and you know what, it works. nutrisystem for men: flexible new programs personalized to meet your goals. what's great about nutrisystem is you eat the foods you love and you lose weight. i'm dan marino. i lost 22 poun
. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at...
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Aug 18, 2009
08/09
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, tax zoerns creating in india. these are all for infrastructure building programs and they're going to continue. >> but what i hear is something else. what i hear is they're hoarding, they're stockpiling and there's a limit to that kind of behavior. >> well, there certainly is a limit to how much they can stockpile, loans have been given out and the infrastructure building. we've got pictures of people lining up up to buy condo, government programs to instill competent in the marketplace. there's a huge, huge infrastructure built up for copper wiring through the basically, they build all these power stations and there's not enough electricity getting out to the rural area, so to create josh, they're extending the wiring infrastructure throughout china in addition to building light railways, i think those factors very, very bull issue for the commodity demand. then we have this basically clunk, also seeing the commodities domestically pickup with the turnover for cars. zinc prices are picking up. the demand in china
, tax zoerns creating in india. these are all for infrastructure building programs and they're going to continue. >> but what i hear is something else. what i hear is they're hoarding, they're stockpiling and there's a limit to that kind of behavior. >> well, there certainly is a limit to how much they can stockpile, loans have been given out and the infrastructure building. we've got pictures of people lining up up to buy condo, government programs to instill competent in the...
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Aug 11, 2009
08/09
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the bombay sensitive index in india is up 0.2%. nymex light sweet crude, this is how the picture is looking for oil. nymex light swede crude is way below the 72 highs we saw on friday, $70.89. and brent is down, trading at $73.70 a barrel. bertha, over to you. >> thanks very much, christine. joining us now for market strategy is art hogan, managing director. and julian pendock is with us. arty, i want to start with you. today everybody everyone will be focused on the fed. but let's start more widely. we've had a really nice move in july. the markets are at new highs for the year. is this kind of as good as it gets for a while? have we maybe stolen a little momentum from the fall? are we due for a pullback? >> you know, it's interesting. that's the $64,000 question. everyone wants to know how we got to where we are on news that was less bad. second quarter earnings season came in better than expected, but still not where we have not them to be. i think what we've effectively done is priced in the now, priced in sustainability. nobod
the bombay sensitive index in india is up 0.2%. nymex light sweet crude, this is how the picture is looking for oil. nymex light swede crude is way below the 72 highs we saw on friday, $70.89. and brent is down, trading at $73.70 a barrel. bertha, over to you. >> thanks very much, christine. joining us now for market strategy is art hogan, managing director. and julian pendock is with us. arty, i want to start with you. today everybody everyone will be focused on the fed. but let's start...
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Aug 27, 2009
08/09
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the company is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for appliances, for example? firing off on the power grid, former clinton white house staffer david goodfriend, and gm berkman and associates. you know how it works. 20 seconds to make your case. jack, you probably don't even need 20 seconds to tell us why you don't think it should be expa expanded. >> carl marx said don't worry about america, they will spend themselves out of existence. i think he was right. we're diverting capital where it should not be. you've got an artificial industry with artificial jobs. now the government is stimulating artificial purchases within that arti
the company is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for...
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Aug 27, 2009
08/09
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>> india. >> had to be one of those two, right? >> that's right. get your sole lan pan 234e8s now, the deals are hot. >>> as first time jobless claims drop the ten agency stocks including manpower are on a roll, who are more room for these stocks to run. let's have managing director, jeff covers staffing and educational companies. jeff, thanks so much for joining us. >> thanks for having me. >> what are you hearing from these companies in terms of what's going on? are a lot of temporary workers being hired, not really, what's going on? >> i think the worse is over. we're still seeing a year over year decline in temp hiring. but the rate of the year over year decline has been getting less worse, so to speak for the past few months. so the sector's not booming by any means. but definitely the worse is behind us. >> are temps the first thing that companies add back or do they go for, you know, maybe the solid workers are going to keep for a long time? how does it work? >> in most sectors, temp tends to be a leading indicator for full-time employment.
>> india. >> had to be one of those two, right? >> that's right. get your sole lan pan 234e8s now, the deals are hot. >>> as first time jobless claims drop the ten agency stocks including manpower are on a roll, who are more room for these stocks to run. let's have managing director, jeff covers staffing and educational companies. jeff, thanks so much for joining us. >> thanks for having me. >> what are you hearing from these companies in terms of what's...
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Aug 7, 2009
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and india and other locations. i'm still very concerned about whether we're going to be able to add long-term sustainable jobs. >> and how do we do that? okay, i don't know if you heard on economists on saying that this accounting for population growth and rehiring all the people who lost their jobs. we have to create 15 million jobs in this country in the next 5 years. the president has pretty directly said he wants a lot of that to come from the next big industry, which they've defined as alternative energy. can we get that many jobs there? is that smart policy? >> well, i'm glad you used the word create jobs because jobs create sd very different from a job saved. this idea of saving jobs is very y . we have to focus on new companies, entrepreneurship, innovation. how do we do that? we get to an economy that is not just focused on driving consumer spending to attack. we've got the put the incentive for investment. you've got boeing laying off 10,000 people. emerson, 5,000. these are the companies that you want to
and india and other locations. i'm still very concerned about whether we're going to be able to add long-term sustainable jobs. >> and how do we do that? okay, i don't know if you heard on economists on saying that this accounting for population growth and rehiring all the people who lost their jobs. we have to create 15 million jobs in this country in the next 5 years. the president has pretty directly said he wants a lot of that to come from the next big industry, which they've defined...
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Aug 12, 2009
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let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical analysts do believe that 43.50 thereabouts is now the next resistance thorn for the market. the big losers in trade are the entire technologies space. you've got realty which is facing a lot of pressure in trade today. so these are the two weak pockets. besides that, a whole hoeft of these heavyweight counters have also been weak. but economic data has been very positive. we have market expectations about 7.8% across the board growth, but currently, the market is more worried about the global weakness that we are seeing. with that, it's back to you. >> ayesha faridi, thank you for that. ross, back ov
let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical...
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Aug 3, 2009
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we have india as well. and japan is still a very big economy, even if it's in recession. >> the world is watching to see how china will make this transition from an export-led economy to a consumer-led economy. you think that transition is well on its way? >> we are seeing it. we are feeling it in the philippines. china buys of course a lot of electronics and minerals from us, which fuels their industries, which are also export oriented. but at the same time china is buying a lot of fruits from the philippines, and that is for the consumer economy. >> i want to get your take with regard to what's happening in regard to rice. a couple of years ago we saw rice prices soar. how do you avoid a situation like that happening again? >> well, we've learned a lesson. the economics of rice has changed. because you know, like the philippines, we are -- rice is our staple. we really eat rice all the time and in big quantities.s. but our country is an ark pell ago with lots of mountains and we don't have great plains li
we have india as well. and japan is still a very big economy, even if it's in recession. >> the world is watching to see how china will make this transition from an export-led economy to a consumer-led economy. you think that transition is well on its way? >> we are seeing it. we are feeling it in the philippines. china buys of course a lot of electronics and minerals from us, which fuels their industries, which are also export oriented. but at the same time china is buying a lot of...
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Aug 13, 2009
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let's zoom in on india and cross over to mumbai. ayesha faridi joins us. >> thanks for that, christine. the indian market belongs to the entire real estate pack, metals are holding up very well and the kind of bump up that we have seen in the commodity universe or rather the base metals market. so almost 2.7% in the green for the nifty right now. 4570 is back in the index. and it's actually the small cap universe which is really holding out. so a sign of the real estate and the metals universe, you have other sectors in the green. this is a whole lot talk about some sort of education policy that the government may be announcing. stim no confirmation on that. the entire sector is holding up very well. you've got a whole host of telecoms, gains of about 2.5% to % apiece. meantime, the nspci view closed yesterday and the entire power story closed yesterday. nhpc may be listing in about three odd weeks and the government may be announcing some sort of power reforms in the couple of days or something. so the entire power sector is doing
let's zoom in on india and cross over to mumbai. ayesha faridi joins us. >> thanks for that, christine. the indian market belongs to the entire real estate pack, metals are holding up very well and the kind of bump up that we have seen in the commodity universe or rather the base metals market. so almost 2.7% in the green for the nifty right now. 4570 is back in the index. and it's actually the small cap universe which is really holding out. so a sign of the real estate and the metals...
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Aug 26, 2009
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g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just about fiscal stimulus, not just about invento
g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we...
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Aug 28, 2009
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it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who honestly believe there are dark, maybe mysterious force that's are manipulating things, particularly commodities out there, he wants to get a satisfactory answer? how can he do this without causing so much damage to the markets? what should mr. gensler be doing? >> he's got to look at data. he's got to look hard at what's driving the market and not just take the simple story at face value. if you actually dig in, there are probably good regulations to be had in here, but excluding individual investors from the commodities market by getting rid of commodity etfs can't be the righ
it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who...
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Aug 14, 2009
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will never get china and india to play unless we have a bill. if you want the progress, but look of what really works. -- let's look at what really works. i'm asking for your help having nothing to do with washington. we work with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico yesterday you want to make their island energy independence with a clean energy and efficiency. these are things that can be done. there are a lot of practical things that need to be advanced before we can get there. i will give you one example. this cash for clunkers program has worked great. it has been better than all the mechanisms of reorganizing the auto industry. we ought to put that on steroids when we can sell electric cars and buy them. there ought to be a six month waiting list for every electric car that any company can turn out before the first o
will never get china and india to play unless we have a bill. if you want the progress, but look of what really works. -- let's look at what really works. i'm asking for your help having nothing to do with washington. we work with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico...
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brazil, russia, india and china looks like an interesting place. it's not something for somebody doesn't want to take too much risk. it's a great three- to five-year play. >> one final question. looking over the longer term, you said be careful short term. there's etfs. if you want to do this and look at a five-year trade, what would that be. >> build a diversified portfolio and currency deposits. you can do it with a single trade and diversify arocross th globe. or look at the brazil, russia, india, and china. >> lots of interesting ideas there. frank trotter, as we said, from everbank direct. as you said, you can go online and look for all of those currencies. >>> let's get straight to share epperson. sharon? >> natural gas is coming up quickly here. down almost 20 cents. 10 cents in the past minute or so. waiting for the number to come out. it is up 66 bcf. the rise in natural gas storage level was above expectations, which were basically in a range between 69 and 64. the number came in above 66. i'm with john woods now, veteran natural gas trad
brazil, russia, india and china looks like an interesting place. it's not something for somebody doesn't want to take too much risk. it's a great three- to five-year play. >> one final question. looking over the longer term, you said be careful short term. there's etfs. if you want to do this and look at a five-year trade, what would that be. >> build a diversified portfolio and currency deposits. you can do it with a single trade and diversify arocross th globe. or look at the...
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you cannot compete with china and india with an inadequate education system and that an adequate system can't be fixed by no child left behind. you need a new model of every american getting ahead because you have to many adults under educated for the world market and you can't say to someone who's 22 we are not going to help you but we will fix k-12 because you have to have 40 to 50 years of person on the job market so we need to have a fundamental new approach that includes vocational technical school, includes college, it includes k-12 but also includes homeschooling and learning on your own and it includes things like the university of phoenix on libeler in. we have to have a fundamentally new approach to 365 days a year capacity to keep learning at a rapid rate so every american can be fully informed. i mentioned earlier 2 billion minutes. i wish every community in america what watch that film and have a dialogue of does it mean and what we have to do some schools can be competitive. compton points of 60% of u.s. students have no science to biology. only 18% of students take advanc
you cannot compete with china and india with an inadequate education system and that an adequate system can't be fixed by no child left behind. you need a new model of every american getting ahead because you have to many adults under educated for the world market and you can't say to someone who's 22 we are not going to help you but we will fix k-12 because you have to have 40 to 50 years of person on the job market so we need to have a fundamental new approach that includes vocational...
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Aug 21, 2009
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but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market compared to ours. it's an important indicator of sentiment here. but it is not really a competitor for the kind of institutional investors that are dominant in our market or are dominant in japan or the european markets and not a good indicator for individual investors here either. >> okay. >> the way individual investors participate in china is in those chinese stocks that trade in america. >> okay. new topic. bob, housing data very strong today, what about the housing stocks? is that some place you're willing to go to? they've had tremendous runs, is it all priced in? >> i think most of it is priced in.
but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market...
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. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the entire i.t. space in india and is upgraded and it has upped the price target, as well. and they do also believe that they may beat fy '10 guidance and that is bringing volatility to the space, including in the midcap space. another stock in focus is united which is down by almost 2% in trade today. here is the news why. they have now called off stocks for diaggio sizing high evaluations and anti-trust issues as to why it was called off. it's a sentiment and a dampener with knee jerk reactions coming into it there. meantime, of course, we have a couple of other counters mo
. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the...
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Aug 20, 2009
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from talking about chinese banks, let's go over to india. ayesha joins us for the india business report. >> thanks for that, christine. part of the global rebound today, 4473 for the nifty right now. good gains coming in. 15,000 plus for the sensex, as well. that was a disapointing and dance because most marketmen were expect ago lists at 110. so adani power is one of the stocks in focus. almost 22 times is how the ipo was subscribed. besides that, sterlite industry sess one particular focus in stock today. sterlite has now matched a group of mexico's pay to about $2.1 billion is the exact figure over there. when we spoke to the company, they say they're upping the cash component by about $500 million from the previous bid. so both of these stocks in focus. with that, it's back to you. >> ayesha, thank you very much for that, live in mumbai. missing analysts forecasts. for the six months to june, net profit eked out a gain of 1.4% as revenue rose 8.9% from the year before. and taking a look at shares of china mobile, down 0.2%, 82.58 in hong
from talking about chinese banks, let's go over to india. ayesha joins us for the india business report. >> thanks for that, christine. part of the global rebound today, 4473 for the nifty right now. good gains coming in. 15,000 plus for the sensex, as well. that was a disapointing and dance because most marketmen were expect ago lists at 110. so adani power is one of the stocks in focus. almost 22 times is how the ipo was subscribed. besides that, sterlite industry sess one particular...
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. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in the market that they may get the loan guarantee approved for the government for bridge loan acquisition of land rover. besides that, most of the commodity stocks have been doing very well. you've got auto ancillary stocks looking very well. the monthly sales numbers that came out for auto stocks and infillry stocks are picking up in trade amid the mid and the small caps are holding up, as well. >>> elsewhere, we are looking at euro's biggest bank, hsbc, the company could soon be one of the first foreign companies to list in shanghai. reuters says it could raise up to $7.3 billion in a shanghai ipo during the se
. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in...
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last guest if he could elaborate, but he can be in the left this out than why our contractors from india dressed as civilians along the afghani /iranian border building roads. why did he leave that out? people need to wake up in this country and what these people are all about. thank you for allowing me to speak my word. host: margaret on the republican line. caller: good morning. thank you for taking my call. i have a question regarding the health care debate. all of our representatives in alabama are republican and i have been waiting for them to have a town hall meetings so that we can join in the debate. i have heard nothing. i had written to our representative and the only response i get is that they are opposed to the president's plan, but there is nothing about what republicans proposals are to do something about the cost of health care. i would like for someone to challenge the republicans to find out what it is they are proposing we do about the rising cost of health care. host: next comment comes from vermont this is ron on the democrats' line. caller: i believe that more scien
last guest if he could elaborate, but he can be in the left this out than why our contractors from india dressed as civilians along the afghani /iranian border building roads. why did he leave that out? people need to wake up in this country and what these people are all about. thank you for allowing me to speak my word. host: margaret on the republican line. caller: good morning. thank you for taking my call. i have a question regarding the health care debate. all of our representatives in...
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we will never have china and india, as we have a bill. but if you want to progress, let's look at what works. here is something that i am asking for your help in, having nothing to do with washington. with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico yesterday you want to make their island energy independence with a clean energy and efficiency. these are things that can be done. there are a lot of practical things that need to be advanced before we can get there. i will give you one example. this cash for clunkers program has worked great. it has been better than all the mechanisms of reorganizing the auto industry. we ought to put that on steroids when we can sell electric cars and buy them. there ought to be a six month waiting list for every electric car that any company can turn out before the first one is sold. becaus
we will never have china and india, as we have a bill. but if you want to progress, let's look at what works. here is something that i am asking for your help in, having nothing to do with washington. with 40 cities on different continents to help them reduce their greenhouse gases. we work with 1100 cities to get them discount clean energy technology. we are trying to retrofit the empire state building to cut emissions 40%. i met to the budget people in puerto rico yesterday you want to make...
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india's bombay sensex up 1 1/2%. guy johnson, what's happening in europe? >> mark, we are trading higher. i just want to point out that it is on staggeringly like volume. nobody is out there. just take a look at the clips going through the european market are incredibly light at the moment. so when you look at what you're seeing here on the screen, you've got to bear that in mind. i kind of want to walk you around europe and talk about the stories we're watching. in london, justice blackburn ruled today that english courts do not have the jurisdiction to force creditors of lehman europe to accept the wind-up for them. that's highly significant because pwc, pushing through that wind-up order, now says that it could take a decade town wind the assets of lehman europe. bear that in mind when you come up this anniversary which we're rapidly approaching of the lehman collapse. let's go over to germany where all the talk is about what happens with gm europe, opel. talk is this board meeting taking place today with gm. the indications are that we're going to see m
india's bombay sensex up 1 1/2%. guy johnson, what's happening in europe? >> mark, we are trading higher. i just want to point out that it is on staggeringly like volume. nobody is out there. just take a look at the clips going through the european market are incredibly light at the moment. so when you look at what you're seeing here on the screen, you've got to bear that in mind. i kind of want to walk you around europe and talk about the stories we're watching. in london, justice...
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and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market reporters are standing by. let's get there. opening down 42. not full any open. bob, take it away. >> freddie mac is up here nicely, 122. that's a nice little move up there. 45-cent move. bottom line is, for the first profits in nearly of two years, sited a number of different things. change in accounting, that is kind of important. lower funding costs. gains in the company's derivative portfolio. fannie and freddie were the two most actively traded stocks. they don't need additional funding or financing from the u.s. government at this time. at this time is very important. they made a point of saying that could change here. elsewhere, dow com
and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market...
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>> it's going to have more of an impact on india where they consume huge amounts of sugar. in this country, first of all we pay twice the world price anyway because of the interference of the united states government. >> i love that. yeah, great. >> industrially, you know, processed foods, most of them switched over to high fructose corn syrup decades ago anyway. >> it's not you pouring sugar on those strawberries over there. >> that's minor. >> i love sugar. >> on the strawberries? >> major sugar person. there you go. i like splenda on my strawberries. >> spenda? >> i love it. tastes just like sugar. it's great. tastes just like sugar. >> i'll give eight shot. >> all right. >>> coming up, wild moves in a handful of stocks this week. following that trade, following the momentum plays and getting your money ready for the weekend. >>> and stay tuned to meet a small business owner who is beating the big boys at their own game. the owner of a local hardware store is seeing a boost in profits, even hiring in this economy. our small wonder series kicks off in just minutes. you're
>> it's going to have more of an impact on india where they consume huge amounts of sugar. in this country, first of all we pay twice the world price anyway because of the interference of the united states government. >> i love that. yeah, great. >> industrially, you know, processed foods, most of them switched over to high fructose corn syrup decades ago anyway. >> it's not you pouring sugar on those strawberries over there. >> that's minor. >> i love sugar....
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and pakistan over the weapons development and could trigger an arms race with india the u.s. tried to end and pakistan denies this accusation. well, presidents, family and friend gave a final farewell to senator ted kennedy at a two hour service at the bah celica of our lady of perpetual health in boston. one of the; is that right's sons, ted kennedy, jr. remembered his dad. >> he said, teddy, republicans love this country just as much as i do. and one of those wonderful experiences that i will remember today is how many of his republican colleagues are sitting here right before him. that's a true testament to the man. >> the senator's final resting place is at arlington national cemetery next to his brothers, robert and john f. kennedy. an autopsy of celebrity disc jockey dm. more tests are planned. remembering the last time he was heard from 1 a.m. on friday when he sent a text message to two budies planning a trip to legislation. he was found dead with a crack pipe and a half empty back of crack cocaine in his sweat pants. he was just 36 years old. and those are your headl
and pakistan over the weapons development and could trigger an arms race with india the u.s. tried to end and pakistan denies this accusation. well, presidents, family and friend gave a final farewell to senator ted kennedy at a two hour service at the bah celica of our lady of perpetual health in boston. one of the; is that right's sons, ted kennedy, jr. remembered his dad. >> he said, teddy, republicans love this country just as much as i do. and one of those wonderful experiences that...
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let's head over live to mumbai with ayesha iffaridi for a chec on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. an
let's head over live to mumbai with ayesha iffaridi for a chec on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you...
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Aug 28, 2009
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. >> the journal, actually, i don't know if you can pick this up but a picture about people in india driving harleys. it speaks about this growth handoff. they eventually want to have -- if there's going to be an engine of growth it won't be in the united states because the consumer is having difficulty. it has to be the rest of the world. we hope as the rest of the world moves up the income rung they'll be buying more american-made products and global trade will pick up. >> and what's the running price of a harley there? like 1,000 bucks? the average salary of a person, a commuter, is $1,000. it would be difficult to afford the hog right now. >> in india and china, you have the motorbike, the dad in the front, baby on the lap, mom on the back with groceries and a chicken stuck on the back. really cool on the harley. >> they do look good. >> just a short time ago we didn't think anyone anywhere was going to buy nonessentials or an american-made product. people are and it's a good thing. >>> coming up this morning's top stories and also jim and tony take on them. plus, could a brawl b
. >> the journal, actually, i don't know if you can pick this up but a picture about people in india driving harleys. it speaks about this growth handoff. they eventually want to have -- if there's going to be an engine of growth it won't be in the united states because the consumer is having difficulty. it has to be the rest of the world. we hope as the rest of the world moves up the income rung they'll be buying more american-made products and global trade will pick up. >> and...
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Aug 10, 2009
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>> well, i think we have growth coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the y
>> well, i think we have growth coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you...
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Aug 25, 2009
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the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a bernanke bounce here, as you can see. maybe the exact opposite could occur today of what happened yesterday when we had the dow ever so slightly higher and the nasdaq and the s&p 500 a tiny fraction lower. as equities relatively fell out of favor, we did see investors bid up the price of treasury notes. and this morning, we have the bund yield following even more. the yield on the benchmark ten-year t-note fell to .49% yesterday. and if we look at it now, it is ticking up just a little bit, but it's basically flat at 3.49%. moving on to gold, on the strength of
the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a...